Legal Question in Business Law in New York

Re: LLC for multiple services

First of all, I charge just $97 to form the LLC, plus filing fees. I also offer the lowest price in NY on the required legal publishing.

Regarding your primary question, if money were no object, it is always best to form separate LLCs for each business. However, that is not practical for most people. The problem with your proposed setup is that if one aspect of your business becomes liable in any way, your other businesses are at risk.

If my answer is not 100% clear to you, feel free to send me an email and we can discuss further.

Re: LLC for multiple services

We have substantial experience handling these types of matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

Law Offices of

STEVEN J. CZIK, P.C.

101 Avenue of the Americas, 15th Floor

New York, New York 10013

212.413.4462

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The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.

Re: LLC for multiple services

I read Brodsky's post.

To answer your question, an LLC limits liability. How? It is an entity - just like a corporation. You cannot sue the individual that owns the entity since the entity performed the service.

To answer your second question, it is possible that the LLC would have different dba's, although it is not recommended.

To create a different LLC for each business may be wise, but certainly more expensive. Although Brodsky charges $97, he fails to mention that you will have to file a tax return, pay franchise taxes, open a separate bank account, and possibly have separate insurance for each LLC. That may be expensive.

Finally, for $97, you get what you pay for.

Mike.

Re: LLC for multiple services

An LLC in NY is very expensive; you should set it up some place like FL or just get a NY corp. I'm licensed in NY and three other states and focus on Internet and intellectual property. Call or write if you want to discuss.